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MERGERS ACQUISITIONS
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Lincoln Electric Holdings, Inc. announced that it has acquired Zeman Bauelemente Produktionsgesellschaft m.b.H., a division of the Zeman Group.
Headquartered in Vienna, Austria with facilities in Scheifling, Austria, Zeman Bauelemente is a leading designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. The company’s systems are primarily sold under the Steel Beam Assembler (SBA) name and serve customers in the structural steel and infrastructure sectors globally. The addition of Zeman Bauelemente, increases Lincoln Electric’s annual automation sales by approximately 10% and expands its international automation capabilities as part of its Higher Standard 2025 Strategy.
“We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “The combination of the SBA and our PythonX® solutions offers structural steel fabricators the advantage of greater productivity and capacity to meet the growing demand from structural steel and infrastructure projects.”
Metal Impact Announces Acquisition of Luxfer Aluminum Gas Cylinders Division
Metal Impact East LLC, a subsidiary of Thunderbird Manufacturing LLC, announced the addition of the Luxfer Holdings PLC aluminum gas cylinders division. With the acquisition, Metal Impact acquires the manufacturing operations of Luxfer in Graham, North Carolina, as well as its catalog of products and services.
The acquisition will more than double the cylinder capacity and manufacturing footprint of Metal Impact, supporting a more expansive line of cylinders for a broad range of markets, including industrial, food and beverage, fire extinguishing, performance racing, SCUB, and life support.
“As a Thunderbird company, Metal Impact is dedicated to growth - organically and through acquisitions,” said Phil Kretekos, President of Thunderbird, parent company of Metal Impact. “This addition to our aluminum gas cylinders operations will assure the industries that rely on us that we have the best talent and resources to support the growing demand for our products and services. It also positions us to address individual needs and foster relationships in a timely manner like never before.”
Wise Telemetry Acquired by Otodata Inc.
Otodata Technologies USA (“Otodata”) is pleased to announce that it has acquired Wise Telemetry, a leading provider of remote monitoring devices and services for the industrial gas industry.
Founded in 2008, Otodata designs, develops, and manufactures market leading remote level monitoring products and technologies for a variety of industries. Otodata’s unique monitoring software that accompanies the hardware, allows
users to monitor their tanks remotely, providing insightful, real-time data to drive asset and labor productivity in their business.
“We are so pleased to be working with the Wise Telemetry team. This acquisition will accelerate our diversification into the industrial gas market, allowing us to leverage our innovative solutions for remote tank monitoring and serve this growing segment. This represents an important step in our strategy to address the growing demand for reliable, affordable and automated tank monitoring solutions across a variety of industries and geographic markets,” said Andre Boulay, President and Chief Executive Officer of Otodata.
“The Wise team is thrilled to be part of Otodata. Joining forces allows us to provide our customers with additional products, services and innovative pricing structures, enabling them to monitor every asset and receive an instant return on their investment, both locally and abroad.” said Eric Wise, Founder and CEO of Wise Telemetry.
According to a letter from Catalina Cylinders, The Catalina Composites Division of Catalina Cylinders has been spun-out into a standalone entity called Catalina Composites, Inc. On April 8, 2021 the shares and ownership of Catalina Composites, Inc. were acquired by Uttam Composites, LLC.
The decision to sell the Composites Division to Uttam Composites was made in the best interest of the employees, customers, and stakeholders of both Catalina Cylinders and Catalina Composites. The long-term prospects of the Composites business under the ownership of Uttam Composites are significantly more favorable than other available alternatives. Holston Gases Acquires AG Propane, Inc.
Holston Gases completed the acquisition of AG Propane, Inc. with operations headquartered in Franklin, GA. Holston Gases will maintain the current location at 329 Pierce St., Franklin, GA.
Holston Gases President Robert Anders said, “We are very pleased to add the propane customers of AG Propane, Inc. to those of Holston Gases. AG Propane, Inc. has a great reputation and loyal customers that we are excited to bring into the Holston Family.”
The owners of AG Propane, Inc. agreed that the consolidation of the two companies’ resources in Northwest Georgia and Eastern Alabama bring added value to the current AG Propane customers.
American Welding & Gas, Inc. (“AWG”) is pleased to announce that A+ Distributing Inc., headquartered in Strawberry Point, IA, has joined forces with AWG effective immediately. Locally owned and operated by Robert (Bob) and Diane Maker, A+ Distributing Inc. has built a strong reputation for prompt, professional service for its CO2 customers.
“After 20 years in the CO2 business, we are pleased to be joining the team of American Welding & Gas, Inc. Together with AWG and our valued customers, this acquisition will broaden the business platform to continue to deliver high-quality product and service to our customers. We are excited about the new adventure with AWG and our continued loyal customers,” said Bob Maker, President A+ Distributing, Inc.
“We are pleased to welcome Bob and Diane Maker to the AWG team. And we welcome their wonderful customers throughout Minnesota, Wisconsin, Illinois and Iowa. Our combined team and resources represent an extensive CO2 network that facilitates our CO2 growth plans,” adds Jason Krieger, President & CEO AWG.
